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Italian prosecutors seek indictment for 13 individuals in MPS lawsuit

Prosecutors in Milan on Tuesday are believed to have requested for the indictment of former and current executives at Banca Monte dei Paschi di Siena, Deutsche Bank and Nomura International for being involved in transactions that allegedly aided the Italian lender in misrepresenting its financial situation between 2008 and 2012.

Thirteen individuals associated with the three banks - including ex-MPS chairman Giuseppe Mussari and Deutsche Bank's former head of asset and wealth management, Michele Faissola - have been asked to be indicted.